National Bank of Canada (TSE:NA) Given Consensus Recommendation of "Hold" by Analysts

National Bank of Canada (TSE:NA - Get Free Report) has been given a consensus recommendation of "Hold" by the thirteen brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$136.10.

A number of research firms have commented on NA. Royal Bank of Canada boosted their price target on shares of National Bank of Canada from C$116.00 to C$134.00 in a research report on Thursday, December 5th. TD Securities dropped their target price on National Bank of Canada from C$140.00 to C$138.00 in a report on Thursday, December 5th. Scotiabank increased their price target on National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. Barclays cut National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 21st. Finally, CIBC upped their price objective on National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th.

National Bank of Canada Stock Performance

Shares of TSE:NA traded down C$1.33 during trading hours on Monday, hitting C$130.89. The stock had a trading volume of 2,011,080 shares, compared to its average volume of 1,757,721. The stock's fifty day simple moving average is C$134.02 and its 200 day simple moving average is C$123.78. The firm has a market capitalization of C$44.55 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1-year low of C$98.04 and a 1-year high of C$141.15.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.48%. The ex-dividend date is Monday, December 30th. This is a positive change from National Bank of Canada's previous quarterly dividend of $1.10. National Bank of Canada's dividend payout ratio is currently 42.84%.

Insider Buying and Selling at National Bank of Canada

In other news, insider Marie-Chantal Gingras sold 600 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total transaction of C$79,674.00. Also, Director Yvon Charest acquired 285 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average cost of C$133.71 per share, with a total value of C$38,107.35. Company insiders own 0.21% of the company's stock.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.